LUX
ActiveSummary
LUX has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-226k) and a net result of €140k. Equity is shrinking by ~15.4% per year across the filed fiscal years. Its solvency ranks better than 7% of 536 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.58 against 0.27 in 2024; short-term debt: 170.5% and cash: 62.9% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-70.5%
Return on assets
43.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 536 sector peers (2025).
NBB · sector comparisonPosition among 536 sector peers
Solvency
better than 7%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
61 d late
2023
182 d late
2022
30 d late
2021
29 d late
2020
40 d late
2019
138 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-226k▲ 38.3%
2024 · €-366k
2018: €-63khighest in 8 years
2019: €-140k▼ -123% vs 2018
2020: €-224k▼ -59.7% vs 2019
2021: €-258k▼ -15.3% vs 2020
2022: €-239k▲ +7.3% vs 2021
2023: €-291k▼ -21.6% vs 2022
2024: €-366k▼ -25.9% vs 2023lowest in 8 years
2025: €-226k▲ +38.3% vs 2024
2018 → 2025
Total assets
€321k▲ 102%
2024 · €159k
2018: €162k
2019: €143k▼ -11.4% vs 2018
2020: €130k▼ -9.1% vs 2019
2021: €127k▼ -2.5% vs 2020lowest in 8 years
2022: €163k▲ +27.9% vs 2021
2023: €150k▼ -7.5% vs 2022
2024: €159k▲ +5.7% vs 2023
2025: €321k▲ +102% vs 2024highest in 8 years
2018 → 2025
Net result
€140k
2024 · €-75k
2018: €-16k
2019: €-77k▼ -385% vs 2018
2020: €-84k▼ -8.4% vs 2019lowest in 8 years
2021: €-34k▲ +59.0% vs 2020
2022: €9k▲ +126% vs 2021
2023: €-52k▼ -689% vs 2022
2024: €-75k▼ -45.7% vs 2023
2025: €140k▲ +286% vs 2024highest in 8 years
2018 → 2025
Working capital
€-227k▲ 40.6%
2024 · €-382k
2018: €-151khighest in 8 years
2019: €-209k▼ -38.8% vs 2018
2020: €-291k▼ -38.8% vs 2019
2021: €-310k▼ -6.6% vs 2020
2022: €-277k▲ +10.7% vs 2021
2023: €-318k▼ -15.0% vs 2022
2024: €-382k▼ -20.2% vs 2023lowest in 8 years
2025: €-227k▲ +40.6% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-258k-€-239k▲ 7.3%€-291k▼ 21.6%€-366k▼ 25.9%€-226k▲ 38.3%
2021: €-258k
2022: €-239k▲ +7.3% vs 2021
2023: €-291k▼ -21.6% vs 2022
2024: €-366k▼ -25.9% vs 2023lowest in 5 years
2025: €-226k▲ +38.3% vs 2024highest in 5 years
Operating result€-34k-€9k€-56k€-75k▼ 33.0%€140k
2021: €-34k
2022: €9k▲ +127% vs 2021
2023: €-56k▼ -698% vs 2022
2024: €-75k▼ -33.0% vs 2023lowest in 5 years
2025: €140k▲ +287% vs 2024highest in 5 years
Net result€-34k-€9k€-52k€-75k▼ 45.7%€140k
2021: €-34k
2022: €9k▲ +126% vs 2021
2023: €-52k▼ -689% vs 2022
2024: €-75k▼ -45.7% vs 2023lowest in 5 years
2025: €140k▲ +286% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €140k after a loss of €75k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €321k
Fixed assets
€1k ▼ 93.4%
Current assets
€320k ▲ 124%
Key figures and ratios
Solvency
-70.5%▲
2024 · -230.4%
Current ratio
0.58▲
2024 · 0.27
Debt to equity
-2.42▼
2024 · -1.43
ROA
43.7%▲
2024 · -47.4%
Debt
€547k▲
2024 · €525k
Debt ≤ 1 year
€547k▲
2024 · €525k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€159k€321k▲
Fixed assets21/28€16k€1k▼
Tangible fixed assets22/27€15k-
Land and buildings22€2k-
Plant, machinery and equipment23€11k-
Furniture and vehicles24€2k-
Financial fixed assets28€1k€1k=
Current assets29/58€143k€320k▲
Amounts receivable within one year40/41€138k€118k▼
Trade receivables40€138k€107k▼
Other amounts receivable41-€11k
Cash at bank and in hand54/58€5k€202k▲
Equity and liabilities
Total equity and liabilities10/49€159k€321k▲
Equity10/15€-366k€-226k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-385k€-245k▲
Amounts payable17/49€525k€547k▲
Amounts payable within one year42/48€525k€547k▲
Trade debts44€117k€106k▼
Suppliers440/4€117k€106k▼
Advances received on contracts in progress46€3k€3k=
Taxes, remuneration and social security45€15k€4k▼
Taxes450/3€15k€4k▼
Other amounts payable47/48€391k€434k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k-
Other operating charges640/8€2k€3k▲
Non-recurring operating charges66A-€15k
Gross operating margin9900€-62k€158k▲
Operating profit (loss)9901€-75k€140k▲
Financial income75/76B€37-
Recurring financial income75€37-
Financial charges65/66B€364-
Recurring financial charges65€364-
Profit (loss) for the period before taxes9903€-75k€140k▲
Profit (loss) for the period9904€-75k€140k▲
Profit (loss) for the period to be appropriated9905€-75k€140k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-385k€-245k▲
Profit (loss) brought forward from the previous period14P€-310k€-385k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15k | €14k | €12k | €11k | - | - |
| Other operating charges640/8 | €847 | €122 | €122 | €2k | €3k | ▲ 53.0% |
| Non-recurring operating charges66A | - | - | - | - | €15k | - |
| Gross operating margin9900 | €-18k | €24k | €-44k | €-62k | €158k | ▲ 353% |
| Operating profit (loss)9901 | €-34k | €9k | €-56k | €-75k | €140k | ▲ 287% |
| Financial income75/76B | €9 | €36 | €5k | €37 | - | - |
| Recurring financial income75 | €9 | €36 | €5k | €37 | - | - |
| Financial charges65/66B | €-41 | €689 | €22 | €364 | - | - |
| Recurring financial charges65 | €-41 | €689 | €22 | €364 | - | - |
| Profit (loss) for the period before taxes9903 | €-34k | €9k | €-52k | €-75k | €140k | ▲ 286% |
| Profit (loss) for the period9904 | €-34k | €9k | €-52k | €-75k | €140k | ▲ 286% |
| Profit (loss) for the period to be appropriated9905 | €-34k | €9k | €-52k | €-75k | €140k | ▲ 286% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €127k | €163k | €150k | €159k | €321k | ▲ 102% |
| Fixed assets21/28 | €52k | €38k | €27k | €16k | €1k | ▼ 93.4% |
| Tangible fixed assets22/27 | €51k | €36k | €26k | €15k | - | - |
| Land and buildings22 | €3k | €3k | €2k | €2k | - | - |
| Plant, machinery and equipment23 | €39k | €28k | €20k | €11k | - | - |
| Furniture and vehicles24 | €9k | €6k | €4k | €2k | - | - |
| Financial fixed assets28 | €1k | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €75k | €125k | €123k | €143k | €320k | ▲ 124% |
| Amounts receivable within one year40/41 | €52k | €110k | €111k | €138k | €118k | ▼ 14.6% |
| Trade receivables40 | €52k | €101k | €111k | €138k | €107k | ▼ 22.4% |
| Other amounts receivable41 | - | €9k | - | - | €11k | - |
| Cash at bank and in hand54/58 | €24k | €15k | €12k | €5k | €202k | ▲ 3,935% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €127k | €163k | €150k | €159k | €321k | ▲ 102% |
| Equity10/15 | €-258k | €-239k | €-291k | €-366k | €-226k | ▲ 38.3% |
| Contributions10/11 | €8k | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-267k | €-258k | €-310k | €-385k | €-245k | ▲ 36.4% |
| Amounts payable17/49 | €385k | €402k | €441k | €525k | €547k | ▲ 4.1% |
| Amounts payable within one year42/48 | €385k | €402k | €441k | €525k | €547k | ▲ 4.1% |
| Trade debts44 | €75k | €73k | €85k | €117k | €106k | ▼ 9.4% |
| Suppliers440/4 | €75k | €73k | €85k | €117k | €106k | ▼ 9.4% |
| Advances received on contracts in progress46 | €3k | €3k | €3k | €3k | €3k | = |
| Taxes, remuneration and social security45 | €4k | €15k | €2k | €15k | €4k | ▼ 74.6% |
| Taxes450/3 | €4k | €15k | €2k | €15k | €4k | ▼ 74.6% |
| Other amounts payable47/48 | €303k | €310k | €350k | €391k | €434k | ▲ 11.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-34k | €9k | €-52k | €-75k | €140k | ▲ 286% |
| + Depreciation and write-downs630 | €15k | €14k | €12k | €11k | - | - |
| Operating cash flow (approximation) | €-19k | €23k | €-40k | €-64k | €140k | ▲ 318% |
| Investment in fixed assets (approximation) | - | €0 | €-2k | €0 | €15k | - |
| Change in cash | - | €-9k | €-3k | €-7k | €197k | ▲ 2,860% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Back to profitnet €140k
Net result €140k after 2 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 182 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Back to profitnet €9k
Net result €9k after 4 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
09-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 40 days late
2020
31-12
Financial
Weakest financial yearnet €-84k
Net result drops to €-84k, the lowest in the series; recovery starts the following year.
16-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 138 days late
21-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 418 days late
2018
22-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 83 days late
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 395 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 1999
Ground area
361 m²
Building footprint
207 m²
Volume, LiDAR
2,375 m³
2 parcels, Flanders · tallest building 16.8 m, ±4 floors. Linked by address, not a title deed.
15
companies at this address
See who is registered here
1 establishment unit
RESCUE TUNING AND SITEDESIGN
since 19992.091.446.593
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D2718/00P027 | Flanders | 231 m² | 1 · 140 m² | 16.8 m · 4 fl. |
| 44804D0168/00N000 | Flanders | 129 m² | 1 · 67 m² | 14.9 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,994 companies in sector 90120 we hold annual accounts for 210. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-06-1999
Fiscal year end31-12
Activities, NACEBEL 2025
90120Visual arts creation
Scores and ratios are computed by Checked and are not a credit decision.